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Talking Trade – Burgundy’s trade share hits record weekly high

By November 16, 2018Fine Wine Market, Talking trade
  • Record weekly share for Burgundy
  • Margaux 2015 most traded wine
  • Canon Gaffelire 2015 price rises following Wine Spectator accolades
  • Sassicaia 2015 – Wine Spectator’s Wine of the Year
  • Liv-ex 100 performance by currency

Trade increased by both value and volume this week. It was pushed up by Burgundy, which reached a record weekly high of 26.9% by value. The region’s average trade share for the year currently stands at 14.2%. A number of high value Burgundies were at play this week such as Clos Tart, DRC, Engel and Anne Gros.

The Rhone’s trade share also doubled on last week. Champagne rose from 1.6% to 8.8%, while the USA increased to 2.3%. This coincides with the release of Verite 2015 earlier this week.

Bordeaux, which showed signs of recovery last week, pulled back to just under 50%. The First Growths also dipped slightly.

Still, the commemorative Margaux 2015 was the most active wine by value. It last traded at £11,572 per 12×75, which represents an increase of 176.5% on its release price (£4,250) in sterling terms.

Canon Gaffeliere 2015 was also among the most traded wines this week. It was named #2 in Wine Spectator’s Top 100 wines of 2018. Since the announcement, the vintage has seen a flurry of trading activity. Its price moved from £650 to £870 per 12×75 overnight.

Sassicaia 2015 – Wine Spectator’s Wine of the Year

Sassicaia 2015 has just been announced the Wine Spectator’s Wine of the Year. The wine last traded at £1,700 per 12×75. We will follow up with a blog post on the top 10 later this afternoon.

Liv-ex 100 performance by currency

The Liv-ex 100 – the industry benchmark, which is calculated in Sterling – is up 18.4% over the past five years. Converting the index into Euros and Dollars, however, tells a different story. Read our analysis here.

James Miles for Wine Enthusiast

Last month, wine writer Anne Krebiehl MW interviewed Liv-ex MD James Miles for Wine Enthusiast. Read the interview to find out more about the ideas behind Liv-ex, the importance of its data and what Miles’ normal working day consist of.

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